Good MorningEquity markets reversed course on Thursday giving up all of the gains from the prior day. The relief rally sparked by the FOMC was met by another round of selling driven by fear the Fed isn't acting fast enough and that inflation will continue to be a problem. The S&P 500 fell more than 4% at the low of the day led by the tech sector. The tech-heavy NASDAQ Composite fell more than 5% at the low of the day and will likely fall farther on Friday due to fear of next week's CPI data.
The CPI should moderate versus last year due to the YOY comparison. The risk for the market is that it won't and there are signs it will be hot regardless of the comparison. What this means for the market is that FOMC members may bring a 75 basis point hike back to the table and it could come as soon as June. Until then, the outlook for 2nd half economic activity and earnings growth is very cloudy with mounting risks. Featured: Watch This Robotics Demo Before July 23rd (Ad) 
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Markets | | | In this article, we’re going to look at Expedia and Booking Holdings. Both reported earnings this week so it’s a good time to look at which of these stocks, if any, is a good buy in this volatile market Read the Full Story |
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Stocks | | |
If you thought ride-hailing app Uber (NYSE: UBER) was going to deliver the stock market from the horrendous start to the years it's had, think again. The likes of Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT), who both reported solid numbers last week, were unable to stem the flow of selling, ... Read the Full Story |
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Tech | | | President Joe Biden is set to announce on Friday that five major U.S. manufacturers have made commitments to boost their reliance on small and medium American firms for 3D printing.
The White House said GE Aviation, Honeywell, Lockheed Martin, Raytheon and Siemens Energy have agreed t... Read the Full Story |
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Markets | | | The U.S. dollar’s value surged in April as investors sought refuge amid the Federal Reserve’s aggressive shift to fight rising inflation.
Rising inflation that has caused the biggest jump in prices in 40 years has spurred the Federal Reserve to aggressively raise interest rates, which... Read the Full Story |
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Politics | | | Boeing Co. said Thursday it will move its headquarters from Chicago to the Washington, D.C., area, where company executives would be closer to key federal government officials.
The company said it will use its campus in Arlington, Virginia, as its new headquarters, and it plans to dev... Read the Full Story |
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Politics | | | A leaked draft of a Supreme Court opinion that would abolish a nationwide right to abortion has thrust major companies into what’s arguably the most divisive issue in American politics.
But while some are signaling support for abortion rights, many want to stay out of it — at least fo... Read the Full Story |
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Politics | | | Boeing Co., a leading defense contractor and one of the world's two dominant manufacturers of airline planes, is expected to move its headquarters from Chicago to the Washington, D.C., area, according to two people familiar with the matter.
The decision could be announced as soon as l... Read the Full Story |
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Stocks | | |
Papa John’s Raises Its Long Term Targets
Shares of Papa John’s (NASDAQ: PZZA) have been in a correction for the last few quarters on concerns about valuation. The stock is still trading above 25X its earnings but the bottom may be in. While the current results appear to be well ... Read the Full Story |
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Markets | | | Sports entertainment and media company World Wrestling Entertainment (NYSE: WWE) stock has maintained a choppy range between $45 to $65 for over a year. The iconic wrestling brand survived the stay-at-home mandates to usher in the return of live events. Top and bottom lines were bolstered by its med... Read the Full Story |
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Markets | | | Kellogg Company (NYSE: K) proved without a doubt that it and the consumer staples sector have pricing power. The company proactively raised its prices and was able to drive not only top-line growth but also margin preservation. Read the Full Story |
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Friday's Early Bird Stock Of The Day Trevi Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapy Haduvio for the treatment of chronic cough in idiopathic pulmonary fibrosis (IPF) and refractory chronic cough (RCC) conditions targeting the central and peripheral nervous systems. The company is developing Haduvio, an oral extended-release formulation of nalbuphine, which is in phase 2b Cough Reduction in IPF with nalbuphine ER (CORAL) clinical trial for treatment of chronic cough in patients with IPF; phase 2a Refractory Chronic Cough Improvement Via NAL ER (RIVER) clinical trial for reducing chronic cough in RCC patients; phase 2 clinical trial in patients with pruritus; phase 2b/3 clinical trial in patients with prurigo nodularis. It has a license agreement with Endo Pharmaceuticals Inc. to develop and commercialize products incorporating nalbuphine hydrochloride in any formulation. The company was incorporated in 2011 and is headquartered in New Haven, Connecticut. | | View Today's Stock Pick |
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